What to do - loaned best friend money for a gun....

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Forget about the debt.....if this guy is a good friend you need to get him to the range, have some fun and help brighten his day.

Specifically tell him your NOT worried about the money, dont care when you get paid back and want to have a good time at the range with your buddy.

Smiles are better than $500 any day......friend are harder to make then cash.

There may be a good chance he doesnt have the money and feels like a total loser for not being able to pay you back.....and is avoiding you because of it.

If hes a good friend and you want it to remain that way take the pressure off and go have some fun.
 
It depends on your friends attitude. I would bring it up to some of my friends, while there are other friends that I wouldn't bring it up. This is one of those times when hiring an attorney to write a contract would have paid off. :neener: Remember...its just money.
 
My primary goal here is for us to be close like we used to be. As I have said earlier, if we were close, and he sincerly asked me for a $1500 dollar gun, I would go purchase it for him with no second thoughts.

What I see that is happening is that we are getting distant. We used to speak everyday on the phone for a hour or so, now he never calls. I always have to call him. We used to always hangout every weekend, no questions asked. Now I am lucky to see him once a month.

If things were the way they used to be, the money would be absolutely no object. If they remain in this distant way, then I would like to see an effort to be repayed, but since he is slowly trying to make improvements in our friendship, I don't want to risk screwing his efforts of fixing things between us.....

Its really hard to write about as I have very mixed feelings on all of this in this current distant friendship we have.
 
Here is my idea. I had some financial issues a few years ago and had some private debts. I fessed up like a man and made payment arrangements with them.
Example.
Me: " Hello John, I am very sorry about not being able to pay you the $1000 I owe you right now. I had some unexpected car repairs and issues come up. I value our friendship very much, Even though I can't pay it all right now as promised, Do you mind if I give you $100-$200/month until its paid off."
John: " Sure"
Why? John is a friend, appreciated the honesty, and knows that its better to get a bit at a time than ruin a friendship or get nothing at all.
My question is this?
Why has he not tried this approach. ?
 
If things were the way they used to be, the money would be absolutely no object. If they remain in this distant way, then I would like to see an effort to be repayed, but since he is slowly trying to make improvements in our friendship, I don't want to risk screwing his efforts of fixing things between us.....
...Be my friend, and the money doesn't matter. Not my friend? then pay me back....
Are you buying your friends?
He may feel indebted to you and therefore uncomfortable if he is not able to repay you. By loaning him money you may have created a Master and Servant relationship. If he has assumed the role of servant, he may not be a true friend, regardless of how much you would like that to be so.
 
Best friend? $500? I'd write it off. The guy is having some personal issues. I'd give an organ to my best friend. $500 is nothing.
 
One thing I have learned in my 55 yrs is do not lend money to Family or friends and expect it to be paid back. Give it up as help to someone in need. It will save you lots of grief.
 
I'd think if you were really friends, it could be handled in the way friends do it.

If you are really concerned and feel he has taken advantage of you then write him a letter and tell him what you think. He will let you know what he thinks.

That will tell you if he is a friend or not.

To write it off, means he will take advantage of his next best friend IMHO...

Money is something that should not be loaned out, if you need it back.:(
 
One word of caution- do not call him up and ask him for it back. Once he knows you want it back he'll duck you and avoid you, and make excuses not to meet you at the range.

It also might be time to evaluate your friendship with him.

Man, Buck00 you must have had some SHADY friends in your day. I know none of my friends would ever do that...Thats why they are my friends.

...Be my friend, and the money doesn't matter. Not my friend? then pay me back....
Are you buying your friends?

I was wondering this myself.
 
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